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suter [353]
4 years ago
10

Sondra thinks the new business contract she signed with her business partner is valid. Both parties are legally competent, the c

ontract has a legal purpose, an offer was made and accepted, and a fee has been negotiated and documented. Which essential element of a valid contract has Sondra not yet considered
Business
1 answer:
DanielleElmas [232]4 years ago
7 0

Answer: Whether consent was voluntary

Explanation:

From the question, we are informed that Sondra thinks the new business contract she signed with her business partner is valid. We are further told that both parties are legally competent, the contract has a legal purpose, an offer was made and accepted, and a fee has been negotiated and documented.

The essential element of a valid contract has Sondra not yet considered is whether consent was voluntary. This is important as they je must not be forced to sign a contract.

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The balance sheet for the newly formed ACME Bank is shown below.ACME Bank Balance Sheet 1Assets Liabilities and net worthReserve
Anon25 [30]

Answer:

Explanation:

As the loan has not been used yet, it will stay in the Loan account of the bank. The balances on the books for ACME will therefore be,

Reserves - $151,000.

It does not change as loan has not been used yet. If Toshi was to use loan then this figure will reduce because withdrawals are given from the Bank reserves.

Checkable Deposits will increase by the loan amount as that was where Toshi was credited to.

= 140,000 + 28,000

= $168,000

Loans - $28,000

The bank will now have a loan balance of $28,000 on its debit side to reflect the loan it just gave out.

Stock Shares - $286,000.

Not affected by the transaction.

Property - $275,000

Not affected by the transaction.

6 0
3 years ago
How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.
kotykmax [81]

Answer:

The financial statement provides the "raw materials" with which the financial performance of an organisation may be analysed.

The financials ratios not only monitor financial performance, but it also speaks to the quality of performance and serves as a basis to compare one period against the other.

The cashflows help to create a picture of the project's liquidity in each of the forecasted periods.

The Income statement helps to gauge the quality of the earnings per period and the balance sheet shows the economic position of the firm at the time under observation.

Cheers!

6 0
3 years ago
If you invest $750 every six months at 8 percent compounded semi-annually, how much would you accumulate at the end of 10 years?
liq [111]

Answer:

FV= $22,333.56

Explanation:

Giving the following information:

Semi-annual investment= $750

Interest rate= 0.08/2= 0.04

Number of periods= 10*2= 20

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= semi-annual deposit

FV= {750*[(1.04^20) - 1]} / 0.04

FV= $22,333.56

6 0
3 years ago
The client is diagnosed with hyperlipidemia and prescribed lovastatin. which is the most common adverse effects of lovastatin?
olganol [36]

After receiving a lovastatin prescription, the client is diagnosed with hyperlipidemia. The most frequent side effects of lovastatin include headache and flatulence.

Low-density lipoprotein, or LDL, and high-density lipoprotein, or HDL, levels in the blood are decreased, HDL levels are raised, and triglycerides are decreased when lovastatin is used with a healthy diet.

With diabetes, coronary heart disease, or other risk factors, adults are prescribed lovastatin to reduce their risk of stroke, heart attack, and other heart issues.

Lovastatin can result in muscular tissue disintegration, which can result in kidney failure. People who are elderly, have kidney illness, or have hypothyroidism (underactive thyroid) that is not well-controlled are more likely to have this.

Use effective birth control to avoid pregnancy; do not use if you are pregnant; stop taking this medication and notify your doctor right away if you get pregnant.

Learn more about lovastatin here

brainly.com/question/6088442

#SPJ4

4 0
2 years ago
What is a poem with no definite structure?
podryga [215]
Hello there.

Question: <span>What is a poem with no definite structure?

Answer: It is a sonnet as they have no definitive structure.

</span>Hope This Helps You!
Good Luck Studying ^-^
8 0
3 years ago
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